Egypt’s logistics sector lures $1.7bln investments

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Cairo – Mubasher: Egypt’s Internal Trade Development Agency (ITDA) has managed to attract around EGP 30 billion investments into the logistics sector across nine governorates over the previous period, the head of ITDA said.

The ITDA is prioritising the creation of investment opportunities in logistic and trade centres, Ibrahim El-Ashmawy added in a statement on Sunday.

The state-run agency has launched an online service for not mixing the names of companies via its official website last March in collaboration with the General Authority for Investment (GAFI), El-Ashmawy indicated.

It is worth noting that the ITDA had signed a protocol with the Egyptian tax Authority in 2018 to set up a unified national number for economic properties.

Source: Mubasher

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